Word: breaking
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Dates: during 1940-1949
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Because Picasso's vision was predominantly sculptural, his new rules had mostly to do with form. He thought it might be interesting to break up the forms in nature and rearrange them on canvas-cubism. Matisse was most excited by colors; he did roughly the same kaleidoscope stunt with them-and took art back to the days of the Byzantines and medieval monks, whose flat, glowing illuminations symbolized instead of trying to counterfeit reality...
...week long, stock exchange traders watched the ticker for some sign that the previous weekend's sudden spurt in both prices and volume of trading (TIME, March 29) indicated the long-awaited break in the 22-month-old bear market...
...down fast under the basket after Macauley had snared a rebound ("I can't blame you, Ed. I've coached you to save your strength by coming up slow"). Then, after another Hail Mary huddle, they were back on the floor, and now their famed controlled fast break was really working...
...Despite the impressiveness of the rise, the market still had far to go before it convinced traders that a permanent turn had come. It had to break out of the narrow "trading range" between 160 and 188 on the Dow-Jones industrial index in which it had moved since the bull market ended in 1946. Not in 45 years had the market backed & filled in so narrow a range (percentagewise) for so long...
This has caused speculators to believe that the "breakout," when it finally comes, whether up or down, will be a big one. After last week's rise, many a Wall Streeter was betting that the break will...